FY2026 Fair Market Rents — Franklin County, KY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$747
1BR
$859
2BR
$1,083
3BR
$1,410
4BR
$1,680
Hours/week at min wage
115 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+1.8%
+$19 vs FY2025 · 5-yr +38.3%
Voucher payment standard
$975–$1,191
PHAs set HCV payment at 90–110% of the 2BR FMR
Franklin County, KY
Non-Metropolitan area · KY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $747 | $8,964 |
| 1-Bedroom | $859 | $10,308 |
| 2-Bedroom | $1,083 | $12,996 |
| 3-Bedroom | $1,410 | $16,920 |
| 4-Bedroom | $1,680 | $20,160 |
Recent 2-Bedroom FMR Trend
FY2020 $749 → FY2026 $1,083
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $747 | $859 | $1,083 | $1,410 | $1,680 |
| FY2025 | $741 | $839 | $1,064 | $1,397 | $1,670 |
| FY2024 | $731 | $831 | $1,042 | $1,373 | $1,687 |
| FY2023 | $638 | $732 | $909 | $1,209 | $1,505 |
| FY2022 | $559 | $660 | $793 | $1,066 | $1,327 |
| FY2021 | $530 | $654 | $783 | $1,047 | $1,300 |
| FY2020 | $493 | $630 | $749 | $991 | $1,193 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $92,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,400 | $22,150 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $32,250 | $36,850 | $41,450 | $46,050 | $49,750 | $53,450 |
| 80% AMI (Low) | $51,600 | $59,000 | $66,350 | $73,700 | $79,600 | $85,500 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,996/yr
FMR as % of Area Median Income
14.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$43,320/yr
$3,610/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $805 | $921 | $1,036 | $1,243 | $1,335 |
| 60% AMI Maximum | $967 | $1,105 | $1,243 | $1,492 | $1,602 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $747 | $859 | $1,083 | $1,410 | $1,496 |
| Low HOME Rent | $806 | $921 | $1,036 | $1,151 | $1,243 |
Compare Franklin County, KY With Other KY Metros
vs. Allen County, KY HUD Metro FMR Area
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vs. Bowling Green, KY HUD Metro FMR Area
vs. Butler County, KY HUD Metro FMR Area
vs. Carlisle County, KY HUD Metro FMR Area